Anyone actually make money using Ninjatrader strategy - Beginners and Introductions | futures io social day trading
futures io futures trading


Anyone actually make money using Ninjatrader strategy
Updated: Views / Replies:994 / 4
Created: by edstaffin Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Anyone actually make money using Ninjatrader strategy

  #1 (permalink)
Trading Apprentice
Key West
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 13 since Sep 2014
Thanks: 1 given, 1 received

Anyone actually make money using Ninjatrader strategy

I have spent a lot of time developing some strategies. One question I have is, is there anyone out there who can say they have consistently made money with a strat they wrote?
If so, I'd love to know about it. Right now I feel like the only fish in the ocean.
Thanks ... Ed

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading for Fun
charlotte nc
 
Futures Experience: Master
Platform: ninjatrader
Broker/Data: NinjaTrader
Favorite Futures: Emini (ES, YM, NQ, ect.)
 
Posts: 74 since Jan 2015
Thanks: 5 given, 150 received

Yes


Hi Ed,

The short answer is yes it is entirely possible to make money using automated NinjaTrader strategies. You just have to understand that there is a built in house edge against you in the market, but there are ways around this. Here are some of the key elements that create the house edge.

1. Commissions: Even a winning strategy will have to overcome the round trip fees of 3 to 5 bucks depending. This makes you have to not only win by 51% but actually win by an even larger margin.
2. Market orders: Getting a bad entry one to three ticks against you will make it more likely to hit a stop loss vs. a profit target if they are set to the same value. So a 5 tick profit target vs. a 5 tick stop loss will hit the 5 tick stop loss easier since you end up on the wrong side right off the bat. There are obvious ways to overcome this, but in general this is part of the house edge.
3. Slippage: This is the other side of the trade (The exits) Some times in some markets you can lose a tick or two or three when existing. So add this to the house edge as well.

Now once you consider the factors that are naturally against you in the market let me give you some tips that can give you back some edge from the house:

1. Trading is essentially gambling, but unlike Vegas there is no table maximum, only how much you are willing to bet on each trade. All trade setups and bets are not even, so knowing when to bet high and how high can give you a huge advantage.
2. Unlike Vegas where you will only have at best a 49% chance of winning on an even odds game you can increase the likelyhood of a positive outcome by virtue of setting the betting margin. If you set your profit target at 5 and your stop loss at 10 for example in a closed simulation of 100 trials you would naturally achieve a higher likely-hood of hitting your profit target than your stop loss. There is no other gambling game where you can literally dictate the betting line on the game like you can in trading. I am not advocating scalping with high leverage as a silver bullet by any means, but there may be a time and place to deliberately stack the odds in your favor more. And unlike games in Vegas you can increase the probability of positive outcomes with techniques like this. You an also do it the other way, and get an interesting outcome as well.
3. Different order types: Limit orders and stop orders with various settings can give you back an edge and take away your 1-3 tick loss that you typically get with market orders.


There is plenty more I would be willing to share, but you could start by checking out my trading journal. I have posted some helpful information there that may be of use: If you have any specific questions you would like me to help you with let me know: https://futures.io/trading-journals/38665-outside-box-then-some.html

Happy Trading

Ian

Reply With Quote
The following user says Thank You to iantg for this post:
 
  #4 (permalink)
Trading Apprentice
Key West
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 13 since Sep 2014
Thanks: 1 given, 1 received

Clarification

Hi,
Thanks so much for the intelligent response.
Just to clarify something. You said:

If you set your profit target at 5 and your stop loss at 10 for example in a closed simulation of 100 trials you would naturally achieve a higher likely-hood of hitting your profit target than your stop loss.

Yes, I suppose I agree, but you are also taking twice the risk. Wouldn't a better bet be target=10, stop=5?
Thanks ... Ed

Reply With Quote
 
  #5 (permalink)
Trading for Fun
charlotte nc
 
Futures Experience: Master
Platform: ninjatrader
Broker/Data: NinjaTrader
Favorite Futures: Emini (ES, YM, NQ, ect.)
 
Posts: 74 since Jan 2015
Thanks: 5 given, 150 received

Ed,

I am not advocating always setting your profit target at twice your stop loss, but merely pointing out that this tactic is not available to gamblers in Vegas. In theory you would hit your profit target twice as much but also lose twice as much so it would be a wash all other things even. But if used in the right time and right place, a tactic such as this can provide you with an edge. This is only one of many things that you can do with trading that you can not do in other forms of gambling.

Ian

Reply With Quote

Reply



futures io > > > > Anyone actually make money using Ninjatrader strategy

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Will I make money with 5/8 MA? luvs321 Psychology and Money Management 6 February 25th, 2014 03:31 PM
How to make Ninjatrader strategy code invisible Patric NinjaTrader 2 January 28th, 2014 06:27 PM
Let's Make Some Money... CoopersCorner The Elite Circle 77 March 31st, 2013 02:02 PM
Make some money helping me finish my strategy ceramictilepro NinjaTrader Programming 1 July 7th, 2012 04:01 PM
How to make money trading Big Mike Psychology and Money Management 1 June 11th, 2009 11:42 PM


All times are GMT -4. The time now is 09:17 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-13 in 0.13 seconds with 19 queries on phoenix via your IP 54.82.56.95